Dauphin Hotel - Last Days

Last Days

Stanley J. Harte, owner of the Empire Mutual building, purchased the Dauphin Hotel and the Marie Antoinette Hotel for $3 million when his structure needed extra space. He resold the land to another insurance company and leased it back for forty years, with options of thirty and twenty-nine additional years. Concurrently Sonnenblick-Goldman obtained a $3.3 million leasehold mortgage from Harte for twenty-five years with a thirty year option. There was an additional option to add five stories when necessary. The expansion was ongoing in December 1964.

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